Firms with a Bank Loan or Line of Credit to Total Firms for El Salvador
DDAI03SVA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.20
Year-over-Year Change
-17.79%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic trend measures the percentage of firms in El Salvador that have a bank loan or line of credit, providing insights into access to finance and business health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Firms with a Bank Loan or Line of Credit to Total Firms' indicator represents the share of businesses in El Salvador that utilize formal banking services. This metric is used by economists and policymakers to evaluate the financial inclusion and access to credit within the private sector.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This trend offers valuable context for understanding the financial landscape and growth potential of El Salvador's business environment.
Key Facts
- El Salvador's firms with bank loan rate was 24.7% in 2019.
- This indicator has fluctuated between 20-30% over the past decade.
- Access to formal finance is a key driver of business growth and investment.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of firms in El Salvador that have a bank loan or line of credit, providing insights into financial inclusion and access to formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to evaluate the financial health of El Salvador's private sector and identify opportunities to improve access to credit and formal banking.
Q: How is this data collected or calculated?
A: The data is collected through enterprise surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: This indicator provides valuable context for understanding the financial landscape and growth potential of El Salvador's business environment, informing policymakers and institutions focused on economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in El Salvador's financial landscape.
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Citation
U.S. Federal Reserve, Firms with a Bank Loan or Line of Credit to Total Firms for El Salvador (DDAI03SVA156NWDB), retrieved from FRED.